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held by January 1993); results--percent of vote by party NA; seats--(21 total) MEP 10, AVP 8, ADN 1, PPN 1, PPA 1 Diplomatic representation: none (self-governing part of the Netherlands) Flag: blue with two narrow horizontal yellow stripes across the lower portion and a red, four-pointed star outlined in white in the upper hoist-side corner - Economy Overview: Tourism is the mainstay of the economy. In 1985 the economy suffered a severe blow when Exxon closed its refinery, a major source of employment and foreign exchange earnings. Economic collapse was prevented by soft loans from the Dutch Government and by a booming tourist industry. Hotel capacity expanded by 20% between 1985 and 1987 and is projected to more than double by 1990. Unemployment has steadily declined from about 20% in 1986 to about 3% in 1988. GDP: $620 million, per capita $10,000; real growth rate 16.7% (1988 est.) Inflation rate (consumer prices): 4% (1988 est.) Unemployment rate: 3% (1988 est.) Budget: revenues $145 million; expenditures $185 million, including capital expenditures of $42 million (1988) Exports: $47.5 million (f.o.b., 1988 est.); commodities--mostly petroleum products; partners--US 64%, EC Imports: $296.0 million (c.i.f., 1988 est.); commodities--food, consumer goods, manufactures; partners--US 8%, EC External debt: $81 million (1987) Industrial production: growth rate - 20% (1984) Electricity: 310,000 kW capacity; 945 million kWh produced, 15,120 kWh per capita (1989) Industries: tourism, transshipment facilities Agriculture: poor quality soils and low rainfall limit agricultural activity to the cultivation of aloes Aid: none Currency: Aruban florin (plural--florins); 1 Aruban florin (Af.) = 100 cents Exchange rates: Aruban florins (Af.) per US$1--1.7900 (fixed rate since 1986) Fiscal year: calendar year - Communications Ports: Oranjestad, Sint Nicolaas Airfield: government-owned airport east of Oranjestad Telecommunications: generally adequate; extensive interisland radio relay links; 72,168 telephones; stations--4 AM, 4 FM, 1 TV; 1 sea cable to St. Maarten - Defense Forces Note: defense is the responsibility of the Netherlands until 1996 ---------------------------------------------------- Country: Ashmore and Cartier Islands (territory of Australia) - Geography Total area: 5 km2; land area: 5 km2; includes Ashmore Reef (West, Middle, and East Islets) and Cartier Islan
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